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olya-2409 [2.1K]
3 years ago
14

Which of the following statements regarding revocation and acceptance of contract offers is correct?A. A revocation generally is

effective when received, and an acceptance generally is effective when received.B. A revocation generally is effective when received, and an acceptance generally is effective when dispatched.C. A revocation generally is effective when dispatched, and an acceptance generally is effective when dispatched.D. A revocation generally is effective when dispatched, and an acceptance generally is effective when received.
Social Studies
1 answer:
noname [10]3 years ago
5 0

Answer:

The correct option is B: "A revocation generally is effective when received, and an acceptance generally is effective when dispatched."

Explanation:

In revocation and acceptance of contract offers, the mailbox rule comes to limelight. This means that a revocation is effective when it is received and an acceptance is termed effective when it has been dispatched. The mailbox rule asserts that a contract is formed if an acceptance is dispatched by the offeree prior to receiving a revocation which was sent by the offeror.

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